Large Outside Key reversal in the making for the 3 stock indexs.
Thanks cutworm!
The DOW broke 29k pretty quick.. That tends to make investors leery and the Corona Virus is an excuse to get cautious. But like most virus scares, this too shall likely pass with little more than a whimper.
In the meanwhile, the funnies are decent, earning are decent. This will play out in short order and we'll have a positive close for the month.
seasonal average is for weakness in the stock market during february. this means that the markets may favor gold, bonds, and the buck during the stock market weakness.